The U.S. Energy Information Administration reported on Thursday that domestic supplies of natural gas rose by 36 billion cubic feet for the week ended July 23. On average, analysts forecast an increase of 40 billion cubic feet, according to a poll conducted by S&P Global Platts. Total stocks now stand at 2.714 trillion cubic feet, down 523 billion cubic feet from a year ago and 168 billion cubic feet below the five-year average, the government said. Following the data, September natural gas continued to trade higher, up 4.2 cents, or 1.1%, at $4.01 per million British thermal units.
July 29, 2021, 10:38 a.m. EDT